Swiss banking giant UBS completes acquisition of Credit Suisse, ending lender's existence.

Swiss banking giant UBS has completed its acquisition of Credit Suisse, officially ending the struggling lender's existence. Following a rescue deal in March 2021, UBS is pursuing an aggressive cost-saving drive, aiming to save $13bn by 2026. The merger facilitates client migration onto UBS platforms, with former Credit Suisse clients now transitioned into UBS customers.

May 31, 2024
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